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Kicking off its three days in the -- series today our -- -- claimants being the next several days and the -- talking some of the biggest names intact.
-- good to see you cannot cannot wait this is just the parts of many things the -- I know ticket you know the movie two -- in the valley well that -- we have this idea because a lot of people wanted to come talked about Fox Business that you two days but so many of the leaders and visionaries.
In Silicon Valley wanted to come we made -- three days -- the valley so what.
You've heard of the marketing slogan Intel inside we are inside Intel an exclusive look here.
At the Intel museum in Santa Clara California we -- actually -- to be here.
Yes we are speaking exclusively to the CE a whole lot of Intel -- -- Otellini coming up.
But what we're doing here all day long for Fox Business viewers is giving you a real sense of what's going on in the valley.
At how much it means to the growth of the US economy during a very tough time.
And what a perfect first guest to have the man who has become famous.
For making these funny triangular star shaped up to puts type phones.
Robert Hagerty a -- -- joining us now thank you so much for being here thanks you know they were thrilled this is your friend -- found out about it.
Well this phone has extra microphones it does high definition so it gives you the same audio quality get out of a good stereo system that.
22 killer audio it has echo cancel or so they don't screeched at the Mike to close to the speaker's.
And it's got noise cancellation -- to be far away from it.
And automatically bring up the games don't matter where you on the conference room you're going to be here.
You just said conference room at these are and when you've got 90%.
Market share of the conference call world -- now these are at it outlets and if you have a conference room you probably have one of these bumps and sitting there on the and it's -- -- new look and -- -- this is the new one OK so.
You're one of these people -- absolutely thrilled about high oil prices and and airlines in a tailspin because nobody wants to spend money on the business.
A traveling at this point they just say -- have a conference call it's cheaper.
But certainly a key driver for our business we're not thrilled it's bad for the economy in general.
But up but yes because people of geographically dispersed.
You know that outsourcing in various countries they've got their local sales people and all of regions.
Getting everybody together is our business of making a company a virtual company connected -- great communication is what we do.
And the driver of higher oil geographically dispersed workforce and you don't want it -- too much carbon into the atmosphere because of global warming those -- all things that we can.
Help with -- the conference call Polycom phone capsule but also you've got the telepresence.
Business that's -- good.
That's a little more expensive for companies to do a lot -- spent so much.
So our system started about 200000 dollars yeah that's I mean am I really gonna make that up and travel.
You sure can I mean you sure can -- -- is lots of businesses that are doing it.
Deloitte is one that's been using our telepresence for quite awhile -- video could go down as low as 3000 dollars but you move all the way up these telepresence system.
It's an amazing experience how much is this found.
That owns about 15100 -- this is fifteen admirable that's one business class ticket as far as well enough people out here -- and it's only most of our equipment.
With the exception of maybe going up to the big telepresence rooms there's multiple people travel to meetings.
I've been to meetings where you go two days -- -- two army.
Two days people 45 minute presentation.
That's a lot of money and it's a lot of time out of the office and the productivity hit for a large board.
When you when you're out having -- all the.
You had a battery recall of wanna talk quickly about your that's the news -- about 5000 batteries for your recalling some of the earlier versions of this phone office phone at all right the wireless version of -- -- station -- And yes we -- some -- phones are kind of the batteries get into the system -- from -- -- one of the suppliers.
It was one -- the -- Panasonic had a little issue and we and we ended up by having some -- get in there how much -- that kind of costs about a -- -- you know not too badly we have given a number out but you know we've been -- captured most of -- distribution.
So we have good serial number of attracting we've got it all covered -- and distribution -- well over this by the next.
I mean and obviously as we finish up here when you see the super spike in oil that we saw.
About what eleven dollars on Friday in -- you hate it I'm sure but in your mind you're thinking this is not -- bad -- for my business.
That's a key driver is absolutely -- in the business of video opens up telepresence and talked about it.
Quarter over quarter first quarter vs the fourth quarter of last year up 58% so real driver in the business people are music video more and more.
It's much better than it ever was we go over the Internet now we have all kinds of protocols to make clean pictures no matter how rough the network gets.
And done quite frankly it's a great -- things.
Robert Hagerty of poly com so so day that I just want to mention first.
That coming up we have an exclusive interview with the CEO.
Of Intel Paul Otellini not to mention the fact that they have.
A huge business now in a tiny chip called the Adam we're going to be talking about that we're going to be talking about why that's but also -- the big news.
About the Federal Trade Commission opening an investigation subpoena -- Intel we'll hear first from him what that's all about if there's any validity to his competitor AMD and there are accusations that they are not -- you know follow -- -- trade practice.
But for anybody on foxbusiness.com -- going to continue.
Our conversation online with mr.
Hagerty of Polycom so as we think -- -- -- gonna continue that conversation.
People should look at the foxbusiness.com.
Right now to hear more from Polycom -- had a mixed up list to my favorite -- live and exclusive.
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